St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-01-04
new york.

NEW YORK, Jan. 3.-Money on call quiet at
4GDS per cent, closing at per cent. Prime
mercantile paper 697 per cent Sterling ex-
change quiet but steady at S4.S014 for sixty
days and asa for demand. Government and
state bonds were dull and stehdy to-day. The
stock market was moderately active only,
most of the business being done in spots.
There was little or no foreign trading, the
closeness OF the two markets leaving no mar
gin for arbitage business. The coal stocks
and the Southern stocks monopoized most of
the interest, and many rumorS in regard to
the latter were circulated, although the
statement that Gen. Alexander was prac-
tically sure of an election to the presidency
of the Georgia Central railroad was the most
important item of news, the sentiment being
that closer relations with Richmond & West
Point would follow, and the latter, which had
been noticeably weak, became the strongest
stock in the list. There was very little doing
in the Changers and Vanderblts, although
the latter were helped somewhat by the Nickel
Plate decision late in the dav. Western Union
was feature, being active throughout, the
improvement being accompanied by the re-
newal of rumors of developments favorable
to the company which have done duty here
tofore. The opening was generally strong,
first prices showing advances of Is to % over
Fridays figures There was active trading
during the first hour, and the dealings were
accompanied by considerable feverishnesS
and irregularity. The entire market finally
yielded, Richmond s. West Point being
pecially noticeabl, for the decline estab-
lished. The same state of affairs continued
with several share reactions until after l p.
m. when a general upward movement took
place, which gathered force toward the close
and the market closed moderately active and
strong close to the best prices reached.
Sales. 369. 037 shares; Reading furnished
62, 500; Richmond g. West Point. AZ 900; Lack
awanna, 1896 and Jersey Central q, 500.
The net result or the DAVIS transactions is
that majority of the stocks are small frac-
lions higher than on Friday evening. There
were only two important advances.
Jersey Central 15s. and Reading
13s. There was moderate business IN rail-
road bonds: sales, $1.469,0 00 The decision
in the Nickel Plate case made the bonds of
the latter company the special feature and
the trust receipts on total business of S276,-
600, declined II per cent. to S9s4, while the
Eds declined per cent to 20. Denver e. Rio
Grande As were also conspicnously active.
Fluctuations in the general list were slight,
and final prices show irregular changes.
Denver & Rio Grande, Western Assented,
rose 2 70 rs, and Green Bay lists to IU0 The
total sales Of stocks to-day were 500, 839
shares, including:
Canada Southern $50 Reading. ...... 81 600
Del. Lack s. w .35,9 O6 st. Paul. Is, 400
Erie. 1880 st. P. & Omaha. $3.50
Kan. & Texas. 4,250 Texas Pacific IL $50
Lake Shore. II, $50 Union Pacific. 5000
Louis. s. Nash. ..13, 1875 Western Union. so, 545
| Missouri Pacifc. $500 Rich. g. W. P. AZ, 900
Northwestern. &, 100 Hooking Valley. 8, 1856
NV Jersey Cent q, 500